According to a survey released this Monday, the economists have claimed that the U. S. economy is recovering fast, showcasing a sturdy growth. "We see a healthy expansion under way, although it will take time to reduce economic slack and repair damaged balance sheets", said Lynn Reaser, President of the National Association for Business Economics, which conducted the survey of 48 top economic forecasters, this February.

As per the estimations of NABE, the corporate earnings will grow 15%, this year. "Businesses are in position to take up some of the slack because of rebounding profits. Our economists believe improvement in sales and profits will cause them to put out the hiring signs relatively soon", said Reaser, Chief Economist at Point Loma Nazarene University.

The panelists have been forecasting a remarkable increase in the rate of job opportunities in the next two years. They have also claimed that with this increase in the number of jobs, the consumer spending may rise by 2.2% in
2010.

"Overall, our economists believe we are on a fairly healthy growth track and there will be no double dip recession", said Reaser.

President Barack Obama has made job creation his top priority in 2010, in an effort to rein in stubbornly high unemployment.

The experts claim that Government spending will grow slowly over the next two years. However, the federal budget gap may remain very high.